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KFC 2615 W Broadway St 3,070 SF Retail Building Ardmore, OK 73401 $2,603,638 CAD ($848.09 CAD/SF) 6.35% Cap Rate
Investment Highlights
- Long Term NNN Lease A brand new 20-year lease will be signed at the close of escrow, with no landlord responsibilities
- Experienced Operator
- Attractive Rental Increases The lease will feature annual increases of one-and-a-quarter percent (1.25%) starting in year six (6)
- National Concept
Executive Summary
Surmount is pleased to present the Broker Opinion of Value for a KFC located at 2615 W Broadway St, Ardmore, OK 73401. The site consists of roughly 3,070 rentable square feet of building space on an estimated 0.57-acre parcel of land. This KFC is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $120,940 and has scheduled increases of 1.25% starting in year 6.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,070 SF
Building Class
B
Year Built
2009
Price
$2,603,638 CAD
Price Per SF
$848.09 CAD
Cap Rate
6.35%
NOI
$165,331 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.57 AC
Zoning
C1
Amenities
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 0385-00-001-001-0-001-00 | Improvements Assessment | $83,743 CAD |
| Land Assessment | $82,023 CAD | Total Assessment | $165,766 CAD |
Property Taxes
Parcel Number
0385-00-001-001-0-001-00
Land Assessment
$82,023 CAD
Improvements Assessment
$83,743 CAD
Total Assessment
$165,766 CAD
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KFC | 2615 W Broadway St
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